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UK Government to Draft a Regulatory Framework for Crypto, Stablecoins, Staking in Early 2025

Altszn.com by Altszn.com
November 22, 2024
in Blockchain, Crypto, DeFi, Web3
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UK Government to Draft a Regulatory Framework for Crypto, Stablecoins, Staking in Early 2025
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The new Labour government, elected in July, intends to implement its predecessor’s crypto proposals on the creation of regulated activities, including operating a crypto trading platform and a market abuse regime, in full, Siddiq said. Under current plans, stablecoins will no longer fall under the U.K.’s payments regime. There will also be a carve out for staking to prevent it being treated like a collective investment scheme.

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Read More: www.coindesk.com

Tags: CryptoDeFidraftearlyFrameworkGovernmentRegulatoryStablecoinsStaking
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